Which will do wonders for existing BFL products' ROI :-) In the interests of transparency, it would be a fantastic move if KNC were to release accurate figures of their order book's future effect on the hash rate, rather than my rather simplistic "guesstimates"...

If anyone wants Day 1 Jupiters (3) we just cancelled our order and the refund is processing. Keep an eye out on the KnCMiner product page for these.FYI.

Quote

Firstly, our orders for September delivery are now closed. If any refunds occur, any devices that become available will be added as, and when, on the KnCMiner site. So for those keen to secure a device for the preliminary deliveries please keep a look out. They will be sold on a first come first served basis and be added to the end of the September/October queue.

And since KnC is supposedly delivering 2.5PH/s in 12 days, the difficulty change after that will be something like 200% ... that will make the recent 30%+ figures seem tinyIf it is 5PH/s then we could hit the limit of a 400% difficulty change in less than 20 days

Man I'd really like to see that happen. Will be massive news/shock to the bitcoin world especially the miners

200% increase will make people shit bricks I tell ya

Sure there will be a massive jump.

As it will be a massive spike over a short period of time, followed by a level plateauing.

Fact is though any subsequent jump from anyone else delivering will never be of the same magnitude unless another individual release of hashrate doubles this initial delivery of KnC hardware.

Simply put, that won't happen. By Christmas maybe, but I don't buy Hashfast and Cointerra's huge prophetic esitmates based on best case simulations, their real world results will be a lot different, and not for the positive. They're marketing words. Engineers promise what they know until they can prove otherwise.

Importantly though, it also will prove the Genesis Block's exponential rise of constant month-on-month consistent rising that the trolls and ill-informed keep touting as inevitable; a total falsehood.

What would be useful would be a calc that offers multiple strategic scenarios based on estimated hashrate sold, release dates and length of production runs. You could then run various scenarios and hedge your play within reasonable expectation. Same as any business would.

Make my day! Say thanks if you found me helpful BTC Address --->1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp

If anyone wants Day 1 Jupiters (3) we just cancelled our order and the refund is processing. Keep an eye out on the KnCMiner product page for these.FYI.

Quote

Firstly, our orders for September delivery are now closed. If any refunds occur, any devices that become available will be added as, and when, on the KnCMiner site. So for those keen to secure a device for the preliminary deliveries please keep a look out. They will be sold on a first come first served basis and be added to the end of the September/October queue.

Doesn't work like that,

They go to the back of the line when repurchased.

You should have sold them instead of getting a refund.

I see, I read it wrong. Maybe 1 or 2 folks will get their miners a little faster then.

We went the refund route so we can move on and not mess with shipping changes and other hassles. And we came out ahead about $15/BTC from the date we ordered and today's valuation. Plus, finding market value for the pre-orders wasn't worth the hassle either. Funds tied in escrow until Day 1 delivery does us no good and 2PH/s+ coming on the market has sidelined any sensible buyers out there. KnCMiner provided excellent support for the refund request and everything related to this project throughout.

I see, I read it wrong. Maybe 1 or 2 folks will get their miners a little faster then.

We went the refund route so we can move on and not mess with shipping changes and other hassles. And we came out ahead about $15/BTC from the date we ordered and today's valuation. Plus, finding market value for the pre-orders wasn't worth the hassle either. Funds tied in escrow until Day 1 delivery does us no good and 2PH/s+ coming on the market has sidelined any sensible buyers out there. KnCMiner provided excellent support for the refund request and everything related to this project throughout.

Why are you selling the Miners and don’t mine yourself (will you use the miners for mining yourself)?

We are mining ourselves, but we believe in the bitcoin project and a diversified market is the best for all parties. We will continue to mine but we do not believe in a monopoly of miners. We will not mine with more than 5% of the hash rate we sell, and we will never mine with customer hardware.

..and Thou shalt spread the coin in the name of cryptography for eternity

If anyone wants Day 1 Jupiters (3) we just cancelled our order and the refund is processing. Keep an eye out on the KnCMiner product page for these.FYI.

Quote

Firstly, our orders for September delivery are now closed. If any refunds occur, any devices that become available will be added as, and when, on the KnCMiner site. So for those keen to secure a device for the preliminary deliveries please keep a look out. They will be sold on a first come first served basis and be added to the end of the September/October queue.